Brighthouse Financial (BHF) Variable Annuities — Changes related to embedded derivatives — Quarterly & Annual

Screener

Other product segments

Index-linked Annuities

$2.17B—

Company-Owned Life Insurance

$0—

Fixed Rate Annuities

$0—

ULSG

$0—

Similar metrics at other companies

LNCVariable Annuities — Change in fair value of embedded derivative instrument and other

-$1.44B+7.8%

GNWVariable annuities — Other

$6M-40.0%

LNCFixed Annuities — Change in fair value of embedded derivative instrument and other

-$97M-116%

LNCRetirement Plan Services — Change in fair value of embedded derivative instrument and other

$0—

LNCUL and Other — Change in fair value of embedded derivative instrument and other

-$27M+58.5%

PRUAnnuities — Change in market value and other adjustments

$0—

Other financials

Income statement

Revenue$1.6B+86.2%

Net income$981.0M+1,054%

EPS (diluted)$16.53+1,521%

Balance sheet

Cash & equivalents$7.1B+28.2%

Total debt$3.2B0.0%

Total equity$6.6B+15.5%

Total assets$247.18B+1.9%

Cash flow

Operating cash flow-$431.0M—

Valuation

Market cap$3.57B+31.0%

Enterprise value-$379.6M-211%

P/E4.3×+0.2×

P/S0.5×+0.1×

Profitability

Net margin12.5%+2.2pp

Returns & leverage

Return on equity13.6%+0.1pp

Debt / equity0.5×-0.1×

Where this comes from

Reported directly by Brighthouse Financial in its filing.

Tagged under the XBRL concept us-gaap:PolicyholderAccountBalanceIncreaseDecreaseFromOtherChange.

The source filing: Brighthouse Financial’s 10-Q, filed August 6, 2026.

Filed: Aug 6, 2026, 4:12 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001685040-26-000028

Six Months Ended June 30, 2026	Universal Life Insurance	Variable Annuities (1)	Index-linked Annuities	Fixed Rate Annuities	ULSG	Company-Owned Life Insurance (1)
Net transfers from (to) separate account	13	59	—	—	—	—
Interest credited	50	46	391	266	73	15
Policy charges	(103)	(10)	(23)	—	(474)	(5)
Changes related to embedded derivatives	2	—	2,523	—	—	—
Balance, end of period	$2,653	$3,228	$54,791	$12,769	$4,321	$649
Weighted-average crediting rate (2)	1.90%	1.39%	0.95%	2.05%	1.66%	2.32%
Six Months Ended June 30, 2025
Balance, beginning of period	$2,590	$3,833	$48,605	$14,665	$4,779	$1,166

Item 1. Financial Statements

FAQ

What is Brighthouse Financial's variable annuities — changes related to embedded derivatives?: Brighthouse Financial (BHF) reported variable annuities — changes related to embedded derivatives of $0 in Q2 2026.
What does variable annuities — changes related to embedded derivatives mean?: Captures the impact of fair value changes in embedded derivatives associated with variable annuity guarantees. This metric highlights the volatility of the company's hedging program and the sensitivity of liabilities to market movements.

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